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28.5¢ dacian gold limited

Ann: Letter to Shareholders - Target's Statement, page-51

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Footmax

14,262 Posts.

2441

15/08/22

06:35

Post #: 63108754
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Thanks for the good post.

POG is unlikely to break out though in my humble opinion. Has battled to hold around $1800 and $2,000 looks like a very gig resistance level.

Originally posted by oldgold64: ↑

If an explorer with a few million in the bank and a million ounces of gold in resources can be valued at over 100 million dollars as some are ,than we will value DCN at 250 million because it's gold in the ground is worth $ 100 . an ounce simply because of the mining operation.
I have heard of mining companies paying $400 an ounce for 5gper tonne resources to an explorer with out any mining infrastructure or permits in place.
We are on the cusp of a massive break out in the POG.

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DCN Price at posting: 11.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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